Knight-Swift Transportation Holdings Inc. $KNX Shares Bought by M&T Bank Corp

M&T Bank Corp raised its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 6,227.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 586,345 shares of the transportation company’s stock after acquiring an additional 577,079 shares during the quarter. M&T Bank Corp’s holdings in Knight-Swift Transportation were worth $30,654,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in KNX. Balyasny Asset Management L.P. boosted its position in shares of Knight-Swift Transportation by 269.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,231,439 shares of the transportation company’s stock worth $88,164,000 after purchasing an additional 1,627,791 shares in the last quarter. Junto Capital Management LP boosted its position in shares of Knight-Swift Transportation by 252.4% during the 3rd quarter. Junto Capital Management LP now owns 2,262,145 shares of the transportation company’s stock worth $89,377,000 after purchasing an additional 1,620,224 shares in the last quarter. Freestone Grove Partners LP boosted its position in shares of Knight-Swift Transportation by 100.3% during the 3rd quarter. Freestone Grove Partners LP now owns 1,586,753 shares of the transportation company’s stock worth $62,693,000 after purchasing an additional 794,505 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Knight-Swift Transportation by 21.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,361,230 shares of the transportation company’s stock worth $169,826,000 after purchasing an additional 765,833 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Knight-Swift Transportation by 94.2% during the 3rd quarter. Two Sigma Investments LP now owns 1,257,694 shares of the transportation company’s stock worth $49,691,000 after purchasing an additional 610,060 shares in the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on KNX. Stifel Nicolaus boosted their target price on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Stephens decreased their target price on shares of Knight-Swift Transportation from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Citigroup upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Friday, March 13th. Benchmark boosted their target price on shares of Knight-Swift Transportation from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Finally, Wells Fargo & Company boosted their target price on shares of Knight-Swift Transportation from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.78.

Insider Activity

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 1,243 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $60.87, for a total value of $75,661.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO James L. Fitzsimmons sold 5,917 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $54.77, for a total transaction of $324,074.09. Following the completion of the transaction, the chief operating officer owned 8,716 shares in the company, valued at approximately $477,375.32. This trade represents a 40.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 42,930 shares of company stock valued at $2,581,186 in the last 90 days. Company insiders own 2.90% of the company’s stock.

Knight-Swift Transportation Price Performance

NYSE:KNX opened at $63.97 on Thursday. The firm has a market cap of $10.39 billion, a price-to-earnings ratio of 156.03, a price-to-earnings-growth ratio of 0.96 and a beta of 1.11. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average is $58.89 and its two-hundred day moving average is $53.38. Knight-Swift Transportation Holdings Inc. has a 12-month low of $37.76 and a 12-month high of $66.61.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, April 22nd. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.20). The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 2.88%. Knight-Swift Transportation’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.28 earnings per share. Research analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.95 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 6th were issued a $0.20 dividend. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, March 6th. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. Knight-Swift Transportation’s payout ratio is currently 195.12%.

Key Knight-Swift Transportation News

Here are the key news stories impacting Knight-Swift Transportation this week:

• Positive Sentiment: Susquehanna raised its price target on KNX from $60 to $72, signaling upside from current levels and suggesting some analysts see recovery potential. Susquehanna Raises PT
• Positive Sentiment: Analyst consensus remains constructive — coverage summaries show a “Moderate Buy” consensus, which can support the stock as investors digest the quarter. Analyst Consensus
• Neutral Sentiment: The company filed its Q1 release and hosted a conference call/slides to discuss results; investors should review the call/slides for management commentary and any forward guidance. Press Release
• Neutral Sentiment: Pre- and post‑earnings analyst notes (Zacks) provide deeper metric checks beyond headline EPS/revenue — useful for investors assessing revenue mix, utilization and contract vs. spot exposure. Zacks Preview
• Negative Sentiment: Reported EPS was $0.09 for Q1 (company said $0.09 in multiple releases); several outlets flagged this as below many sell‑side expectations and noted the company swung to a first‑quarter loss, which is weighing on sentiment. Revenue rose only modestly (+1.4% Y/Y). Zacks Q1 Review
• Negative Sentiment: Management and coverage (WSJ) cite margin pressure from a tighter truckload market and higher fuel costs tied to geopolitical events (war in Iran), key near‑term headwinds for profitability. WSJ: Loss & Headwinds
• Negative Sentiment: Underlying profitability metrics remain thin (low net margin, modest ROE) and the stock’s valuation reflects expectations; if freight demand or fuel trends worsen, downside risk could persist. Company Slides/Release

Knight-Swift Transportation Profile

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.